most recent 30 from http://www.ourluckydime.com 2010-08-01T04:13:01Z http://www.ourluckydime.com/feeds/question/134 http://www.creativecommons.org/licenses/by-nc/2.5/rdf http://www.ourluckydime.com/questions/134/convert-a-401k-from-my-old-company-to-a-roth-ira Kristina 2009-10-21T22:39:52Z 2009-10-22T17:51:25Z

<p>Why would I want to convert my existing 401K to a Roth IRA? Also today at a company meeting with a financial adviser, he mentioned that new rules go in to effect in 2010 with respect to this conversion so should I wait until then?</p>

http://www.ourluckydime.com/questions/134/convert-a-401k-from-my-old-company-to-a-roth-ira/138#138 unknown (google) 2009-10-22T17:51:25Z 2009-10-22T17:51:25Z

<p>If you have the cash to pay the tax bill on the conversion now, and you want to avoid taxes at retirement (because you would be in a higher tax bracket then), those are reasons to do the conversion.</p> <p>You have to pay tax on money you take out of a 401K, but a Roth IRA lets you take money out tax free. If you convert your 401K to a Roth IRA, you have to pay tax on the amount you convert now.</p>